Spectator on facebook

Spectator on facebook

Economy grows at 6.3 percent in first quarter

THE SLOVAK gross domestic product (GDP) grew by 6.3 percent in real terms over the first quarter of 2006 compared with the same period of the previous year, according to a Statistics Bureau estimate.

On the consumption side, the GDP was influenced by strong foreign demand, which rose by 18 percent from the same period last year, and domestic demand, which was up 8.4 percent.

Monthly nominal wages increased by 7.5 percent to Sk17,223 (Ř455) over the first quarter for a real growth of 3.1 percent, the SITA news agency wrote.

The Statistics Bureau also updated its forecast for Slovakia's economic growth for 2006. According to the new forecast, the economy should grow by 6.2 percent this year. The Bureau also expects that the average inflation rate to be 4.5 percent, while unemployment should be 14.4 percent. The average monthly nominal wage should increase by 7.7 percent to Sk18,600.

Top stories

Unknown places worth visiting in Slovakia Photo

The year 2016 brought record numbers for tourism in Slovakia.

Špania Dolina, the runner-up in the Village of the Year competition.

This is not a game, and these are not children

If politicians care about the future of the country, they need to offer young protesters with specific demands more than the just same old vague assurances.

Nu Dance festival changes date and the finale coincides with International Dance Day

The festival of contemporary dance has not just moved in time but also from the stage to the streets, encouraging public participation.

Renan Martins: Let Me Die in My Footsteps

(W)Rapping up two worlds in one music

The Fjúžn festival annually presents interesting musical projects from people who cross borders, literally or symbolically. This year, the headliner of the main festival concert on April 22 will be the French-Iraqi…

The Iraqi-French band Aiwa